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371 Luton Road is a residential building situated on Luton Road, Chatham, ME4 with 2 addresses.
It ranks as the 195th largest and 183rd most expensive of the 638 buildings in the ME4 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
371 Luton Road is a residential building situated on Luton Road, Chatham, ME4 with 2 addresses.
It ranks as the 195th largest and 183rd most expensive of the 638 buildings in the ME4 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £137,566 for 2 bedroom leasehold flats with a garden (635 ft2) to £139,699 for 2 bedroom leasehold flats (656 ft2) .
Monthly rental prices range from £1,025 pcm for 2 bed flats to £1,032 pcm for 2 bed flats.
The gross rental yield is between 8.9% and 8.9%.
The average value per square foot is £215.
The last sale in 371 Luton Road sold for £95,000 on 2nd January 2024. Since then prices are down an average of 0.0%.
The current average value in the building is £138,633.
The 371 Luton Road Sales Market has increased by 27.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.1% | £138,633 |
| May 2025 | 2.8% | £138,464 |
| May 2024 | -4% | £134,707 |
| May 2023 | 0.6% | £140,268 |
| May 2022 | 11.1% | £139,500 |
| May 2021 | 3.3% | £125,532 |
| May 2020 | 3.8% | £121,541 |
| May 2019 | -0.4% | £117,090 |
| May 2018 | 1.3% | £117,587 |
| May 2017 | 6.3% | £116,070 |
| May 2016 | 19.3% | £109,147 |
| May 2015 | 5.2% | £91,505 |
| May 2014 | 10.7% | £86,993 |
| May 2013 | -3.2% | £78,612 |
| May 2012 | -1.4% | £81,227 |
| May 2011 | -2.5% | £82,392 |
| May 2010 | 4.9% | £84,477 |
| May 2009 | -17.2% | £80,525 |
| May 2008 | -0.8% | £97,200 |
| May 2007 | 0% | £97,963 |
The current average rental value in the building is £1,029.
The 371 Luton Road Rental Market has increased by 41.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.4% | £1,029pcm |
| May 2025 | 2.4% | £1,004pcm |
| May 2024 | 6.9% | £980pcm |
| May 2023 | 11.9% | £917pcm |
| May 2022 | 6% | £820pcm |
| May 2021 | 5.6% | £773pcm |
| May 2020 | 1.4% | £732pcm |
| May 2019 | -0.8% | £722pcm |
| May 2018 | 0.2% | £728pcm |
| May 2017 | -0.4% | £727pcm |
| May 2016 | 8.3% | £729pcm |
| May 2015 | 8.5% | £674pcm |
| May 2014 | 0.1% | £621pcm |
| May 2013 | 0.3% | £620pcm |
| May 2012 | -0.1% | £619pcm |
| May 2011 | 5% | £619pcm |
| May 2010 | -3.3% | £589pcm |
| May 2009 | -3.6% | £609pcm |
| May 2008 | 2.3% | £632pcm |
| May 2007 | 0% | £618pcm |
The last sale was on 2nd January 2024 for £95,000 and since then the market in the area has remained stable. The building has had a total of 4 sales since 1995.
371, Luton Road, Chatham, ME4 5BH has seen 1 sale in the last three years and no sales in the last twelve months.
The closest station to 371, Luton Road, Chatham, ME4 5BH is Gillingham (Kent) station which is 1.7 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around 371, Luton Road, Chatham, ME4 5BH, 41.2% of property is privately rented and 27.2% is privately owned with a mortgage.
The graph below shows how this compares to South East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 371, Luton Road, Chatham, ME4 5BH, 22.1% of residents are recorded as possessing school level qualifications and 24.7% as possessing degree level qualifications.
The graph below shows how this compares to South East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 371, Luton Road, Chatham, ME4 5BH, the average age was 35.1 and the most common age was 2.
The graph below shows how this compares to South East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 371, Luton Road, Chatham, ME4 5BH, 0.3% of property was a second home.
Comparison figures for South East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 371, Luton Road, Chatham, ME4 5BH, there are an average of 0.9 cars per household.
See below for how this compares to South East and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.